MB-330: Microsoft Dynamics 365 for Finance and Operations, Supply Chain Management

A company needs to create new items that can be company owned or vendor owned.

You need to create and set up the items so that they can be used as company owned or consignment.

What should you do?

Assign a non-stock service item model group
Assign a moving average costing inventory model
Activate batch dimension and assign a standard costing inventory model
Activate owner dimension and assign a standard costing inventory model

Correct answer: D

A company uses trade agreements for their customers. Prices for some customers must round to the nearest US dollar.

A customer reports that prices do not round to the nearest US dollar as required.

You need to resolve the issue.

In Trade agreement journals, which option should you use?

Adjustment
View smart rounding
Validate all lines
Apply smart rounding

Correct answer: D

A company creates several item costing versions.

All new and existing items have costs associated with them. After applying the costs, the company notices the activation date has not been updated.

You need to update the items to the current date for activation.

What should you do?

Set the item cost record status to Active
Set the from date to today and leave the item cost record status at Pending
Set the item cost record status to Pending
Set the cost price and date of price on the released product

Correct answer: A

Explanation:

References:https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/cost-management/costing-versions

References:

https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/cost-management/costing-versions

An employee at a company releases a new product from the Released product maintenance workspace.

An employee in another department is unable to add the product to a sales order. You determine that dimension groups have not been applied to the product.

You need to ensure that the product can be added to the sales order.

Which two inventory dimension groups should you add to the product? Each correct answer presents part of the solution.

NOTE: Each correct selection is worth one point.

Tracking dimension group
Coverage group
Product dimension group
Storage dimension group

Correct answer: CD

An employee at a company needs to lay out the various component builds for bicycles.

You need to identify which constraints the employee should use to set up the bicycles.

Which two types of constraints achieve the goal? Each correct answer presents a complete solution.

NOTE: Each correct selection is worth one point.

table constraints that are used generically among product configuration models
expression constraints that are used generically among product configuration models
expression constraints that are unique to each product configuration model
table constraints that are always unique to each product configuration model

Correct answer: AC

Explanation:

References:https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/pim/expression-constraints-table-constraints-product-configuration-models

References:

https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/pim/expression-constraints-table-constraints-product-configuration-models

A company manufactures and sells speaker boxes. The speaker boxes can be silver or black with a basic or upgraded wiring harness assembly.

The speaker box must be created in the item master so that the variables for colors and harness type can be assigned at order entry.

You need to create a new item that supports multiple variables.

What should you do?

Create a new product. Select predefined variant as the configuration technology.
Create a new product master. Select constraint-based configuration as the configuration technology.
Create a new product. Select constraint-based configuration as the configuration technology.
Create a new product master. Select predefined variant as the configuration technology.

Correct answer: D

A company has items in inventory with two costing methods: FIFO and Standard.

The company needs to calculate the cost of all items at month end and provide a total inventory value to the finance department.

You need to determine the total value of inventory.

Which costing method requires running the inventory close?

FIFO and Standard Cost items
FIFO items only
LIFO, Moving Average, and Date Weighted Average items
Standard Cost items only

Correct answer: B

Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.

After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.

You are the purchasing manager at a manufacturing company that makes audio equipment.

You sign an agreement with a vendor to purchase 5,000 speaker cables, item C0001, at a discounted rate of $3.00 per cable. This agreement expires in exactly one year.

You need to set up pricing information and track the fulfillment of the agreement.

Solution:

Create a purchase agreement of type Product value commitment.
Add a line for item C0001.
Enter a product value of $15,000 and enter an expiration date of one year.

Does the solution meet the goal?

Yes
No

Correct answer: A

Explanation:

References:https://docs.microsoft.com/en-us/dynamics365/supply-chain/procurement/purchase-agreements

References:

https://docs.microsoft.com/en-us/dynamics365/supply-chain/procurement/purchase-agreements

Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.

After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.

You are the purchasing manager at a manufacturing company that makes audio equipment.

You sign an agreement with a vendor to purchase 5,000 speaker cables, item C0001, at a discounted rate of $3.00 per cable. This agreement expires in exactly one year.

You need to set up pricing information and track the fulfillment of the agreement.

Solution: On the released product, set a price of $3.00. Add the vendor to the vendor account field on the Purchase fast tab.

Does the solution meet the goal?

Yes
No

Correct answer: B

Explanation:

References:https://docs.microsoft.com/en-us/dynamics365/supply-chain/procurement/purchase-agreements

References:

https://docs.microsoft.com/en-us/dynamics365/supply-chain/procurement/purchase-agreements

Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.

After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.

You are the purchasing manager at a manufacturing company that makes audio equipment.

You sign an agreement with a vendor to purchase 5,000 speaker cables, item C0001, at a discounted rate of $3.00 per cable. This agreement expires in exactly one year.

You need to set up pricing information and track the fulfillment of the agreement.

Solution: Create a purchase agreement for the vendor that specifies a product quantity commitment. Include the quantity, the price, and the expiration date.

Does the solution meet the goal?

Yes
No

Correct answer: A

Explanation:

References:https://docs.microsoft.com/en-us/dynamics365/supply-chain/procurement/purchase-agreements

References:

https://docs.microsoft.com/en-us/dynamics365/supply-chain/procurement/purchase-agreements

Vendor:	Microsoft
Exam Code:	MB-330
Exam Name:	Microsoft Dynamics 365 for Finance and Operations, Supply Chain Management
Date:	Mar 02, 2020
File Size:	50 KB

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